Eni dispatches initial LNG cargo from Congo’s Nguya facility

Core Insights - Eni has commenced gas exports from the Nguya FLNG facility, marking the start of Phase 2 of the Congo LNG project, with a goal to expand its LNG portfolio to 20 million tonnes per annum by 2030 [1][4] Group 1: Project Details - Phase 2 of the Congo LNG project increases liquefaction capacity to 3 million tonnes per annum, equating to 4.5 billion cubic metres of gas annually, utilizing resources from the Nené and Litchendjili fields [2] - The project highlights Eni's capability to convert gas resources into strategic assets for local and global markets, emphasizing cost-effectiveness and environmental performance [2] Group 2: Timeline and Production - Phase 1 of the Congo LNG project began with the Tango FLNG unit and achieved start-up in December 2023, while Phase 2 started just 35 months after the Nguya FLNG unit's construction began [3] - Eni has been operating in the Republic of Congo since 1968, with equity production expected to reach 110 kboed by 2026 [3] Group 3: Economic Impact - Eni supplies gas to the Congo Power Plant, which generates approximately 70% of the country's electricity, contributing to local energy needs [4] - The decision to invest in gas over 20 years ago has led to sufficient volumes for export, enhancing gas availability in international markets and supporting Italian and European energy security [5]